Peralending

If you urgently need some funds to overcome financial difficulties, Peralending is a viable option worth considering. This lending app is known for its unlimited financial support, provided you have a good credit history and stable income. It offers intelligent loan packages that have garnered significant attention recently due to their outstanding features. You don’t need to pledge any assets; just with your personal documents, you can borrow up to 15,000 PHP.

Advantages of Peralending app:

Simple lending conditions make it convenient for various individuals to access loans. Short and straightforward procedures, entirely done on your phone with an internet connection, no need for face-to-face meetings. Loan approvals without scrutinizing your relatives or friends. Receive thorough remote customer support consultation. Available 24/7 customer support. Higher loan limits for repeat borrowers. Enjoy preferential interest rates ranging from 0.91% to 15% per annum for the first loan.

Disadvantages:

Interest rates are subject to frequent changes, mostly increasing. Unprofessional debt collection staff attitudes. Continuous calls/messages if you delay repayments, even bothering your relatives or friends. Various fees are incurred with each loan.

Loan Limits, Interest Rates, and Terms:

First-time loan limits are below 10,000 PHP, while repeat borrowers can get over 11,000 PHP. Loan repayment terms range from 91 days to 180 days. Particularly, for first-time borrowers, the repayment period is less than 14 days. The app applies a 15% per annum interest rate for all loans, which is relatively acceptable based on general market assessment. Each loan package incurs variable consultation fees.

Loan Requirements at Peralending

• Valid personal identification/passport.
• Latest copy of payroll statement.
• Filipino citizens aged 18 and above.
• A primary phone number used for at least 3 months.
• No history of bad debts.
• No outstanding loans from other lending apps.
• At least one bank account for receiving and facilitating loan repayments.

How to Increase the Success Rate of Loan Applications

As you can see, the loan requirements here are not overly strict. However, the rate of rejected loan applications is still quite high. To improve your chances, consider the following:

• Temporarily borrow at a lower limit if you’re a new customer.
• You can declare your personal income, but there’s no need to be overly honest about it, as the app doesn’t scrutinize this too closely.
• Provide accurate personal information, phone numbers, and bank account details. Clear and sharp photos of your personal identification documents and portrait are preferred.
• Ensure that the registered phone number for the loan application is under your name and has been used for more than 3 months.

Contact Us

• Mail contact: [email protected]
• Hours of Operations: 08:31-17:31,
• Aseana City, Aseana Ave, Parañaque, Metro Manila, PHILIPPINES